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\begin{tabular}{lcccc} \hline
 & (1) & (2) & (3) & (4) \\\
 & S1 & S2 & S3 & S4 \\\
VARIABLES & chg\_ln\_pop\_nw & chg\_ln\_pop\_nw & chg\_ln\_pop\_nw & chg\_ln\_pop\_nw \\\ \hline
 &  &  &  &  \\\
Standardized values of (dd) & 0.298*** &  &  & 0.238** \\\
 & (0.0895) &  &  & (0.110) \\\
const & -0.0827 & -0.0827 & -0.348* & -0.170 \\\
 & (0.0953) & (0.117) & (0.181) & (0.117) \\\
Standardized values of (shr\_tex) &  & 0.173* &  & -0.00273 \\\
 &  & (0.102) &  & (0.0741) \\\
init\_pop &  &  & 26.52*** & 8.754*** \\\
 &  &  & (8.293) & (2.988) \\\
 &  &  &  &  \\\
Observations & 48 & 48 & 48 & 48 \\\
 R-squared & 0.211 & 0.081 & 0.160 & 0.218 \\\ \hline
\multicolumn{5}{c}{ Standard errors in parentheses} \\\
\multicolumn{5}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\\
\end{tabular}
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